SB2298 Summary

• Requires the Department of Taxation to report total tax revenue collected by island rather than by county tax district.

• Mandates annual reporting to the legislature of the previous tax year's tax revenues by island no later than March 1 of each year.

• Amends Section 231-3.4 of the Hawaii Revised Statutes to add tax revenues by island as a new reporting requirement alongside existing reports on income patterns and tax credits.

• Allows the Department of Taxation to provide reports in both paper form and commonly accessible electronic formats for a reasonable fee.

• Takes effect upon approval.